Rodolphe Saadé, Chairman and CEO of the CMA CGM Group: “The acquisition of GCT Bayonne and GCT New York terminals is a strategic investment for the CMA CGM Group. It reinforces the services we provide to U.S. customers and their supply chain efficiency.”
The CMA CGM Group has signed a binding settlement to amass GCT Bayonne and New York terminals, at present held by Global Container Terminals Inc (GCT).
“The acquisition of GCT Bayonne and GCT New York terminals is a strategic investment for the CMA CGM Group,” mentioned Rodolphe Saadé, Chairman and CEO of the CMA CGM Group. “It reinforces the services we provide to U.S. customers and their supply chain efficiency. It further consolidates our positions in the United States, a major market among the fastest-growing worldwide, and will help us continue our development.”
The Port of New York and New Jersey is a key entry level serving the Northeastern U.S. provide chain areas and represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The Bayonne and New York terminals, with an current mixed capability of two million TEUs per 12 months, have a possible for additional enlargement, as much as virtually double capability.
While Bayonne terminal has the very best stage of automation, the quickest truck flip time within the harbor, the closest ocean entry, and a capability to service vessels of as much as 18,000 TEUs, New York Terminal advantages from a extremely productive labor pressure within the Port of New York and New Jersey and connects the dense New York hinterland with direct trucking and intermodal entry.
After closing, the CMA CGM Group will function the 2 services as multi-user terminals below the management of the present administration workforce and can proceed specializing in bettering its service high quality to fulfill U.S. clients’ expectations. Investment within the infrastructure might be undertaken to fulfill each CMA CGM and native communities’ surroundings safety targets.
CMA CGM says it intends to additional develop its transport line calls within the New York space for which the terminals will present future capability. The group will considerably speed up investments within the growth of the Bayonne and New York terminals, with the target of accelerating the mixed capability by as much as 80 % within the coming years. This main acquisition will make it attainable for CMA CGM Group to assist U.S. East Coast provide chain progress and enhance effectivity to and from the world.
